Are you entangled in a Texas small business dispute? Do you believe a partner, vendor or client breached a contract? If so, you may be able to seek compensation. However, before you do so, understand that breach of contract has specific legal parameters.
What constitutes a breach of contract?
“Breach of contract” is a legal term of art that applies when one signatory to an agreement in some way fails to uphold the contract or interferes with another party’s ability to do so. Depending on how they’re written, contracts can be breached in whole or in part.
In a contract dispute that ends up in litigation, several factors will be considered, including:
- Contract validity
- Contract requirements
- Evidence of breach
- Material considerations
- Damages caused by the alleged breach
How are contract disputes resolved?
Contract disputes can be resolved in several ways. Sometimes the parties involved can sit down and hammer out an agreement on their own. Just make sure you put the terms in writing and everyone signs.
Mediation is a step between DIY negotiations and a full legal assault. In some cases, it may be required. Many people prefer mediation because it’s typically not as expensive as full-blown litigation and involves fewer bureaucratic obstacles.
When all other options have been exhausted, it may be time to litigate. Small business disputes frequently land in court where a judge or jury has the final say.
Are you struggling through a contract dispute? If so, it may be helpful to consult with an attorney who understands the ins and outs of these types of matters.